3 Bed Bungalow, Refurb/BRRR, Hereford, HR2 6BW, £270,000

Hinton Road, Hinton, Hereford, HR2 6BW - 3 views - 19 days ago

Refurb/BRRR
ROI: 2%
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£145K - £315K
Sold Prices/m²£1.8K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.9K/m²

Value Estimate

£227,029

 

 

End Value (After Refurb)

£223,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£18,200

Refurb Costs

£37,702

Bridging Loan Interest

£7,088

Total Cash In

£132,239

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£223,500

Mortgage (After Refinance)

£167,625

Mortgage LTV

75%

Cash Left In

£132,239

Equity

£55,875

Rent Range

£875 - £1,350

Rent Estimate

£1,121

Running Costs/mo

£943

Cashflow/mo

£178

Cashflow/yr

£2,140

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £145K to £315K, average is £213.5K. £1.8K/m² to £3.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£204K12/200.03 mi142, Hinton Road, Hereford, Herefordshire HR2 6BW3
£215K04/210.06 mi12, Walton Close, Hereford, Hereford And Worcester HR2 6BJ3
£207.5K01/210.06 mi7, Walton Close, Hereford, Hereford And Worcester HR2 6BJ3
£315K01/230.07 mi103, Holme Lacy Road, Hereford, Herefordshire HR2 6DF3
£218K02/210.09 mi13, Peregrine Close, Hereford, Herefordshire HR2 6BS3
£212K12/200.09 mi16, Peregrine Close, Hereford, Herefordshire HR2 6BS3
£243K02/230.11 mi98, Hinton Road, Hereford, Herefordshire HR2 6BN3
£195K07/210.11 mi1, Acacia Close, Hereford, Herefordshire HR2 6BP3
£210K07/230.12 mi54, Holme Lacy Road, Hereford, Herefordshire HR2 6DA3
£220K07/210.13 mi4, Willow Grove, Hereford, Herefordshire HR2 6BB3
£220K10/210.14 mi127, Holme Lacy Road, Hereford, Herefordshire HR2 6DG3
£160K05/210.15 mi32, Chestnut Drive, Hereford, Herefordshire HR2 6AY3
£174K02/210.17 mi116, Hinton Road, Hereford, Hereford And Worcester HR2 6BN3
£160K12/200.17 mi112, Hinton Road, Hereford, Herefordshire HR2 6BN3
£240K07/210.17 mi112, Hinton Road, Hereford, Herefordshire HR2 6BN3
£211K03/210.17 mi109, Hinton Road, Hereford, Herefordshire HR2 6BN3
£215K04/230.17 mi109, Hinton Road, Hereford, Herefordshire HR2 6BN3
£255K06/210.17 mi43, Manor Road, Hereford, Hereford And Worcester HR2 6HN3
£198.5K12/200.17 mi1, Manor Road, Hereford, Herefordshire HR2 6HN3
£186K02/210.19 mi18, Hoarwithy Road, Hereford, Herefordshire HR2 6HA3
£150K01/210.22 mi22, Hawthorn Grove, Hereford, Herefordshire HR2 6AU3
£177.5K02/230.24 mi39, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW3
£185K06/230.24 mi22, Ridgeway Avenue, Hereford, Herefordshire HR2 6HW3
£163K07/210.26 mi16, Mayne Avenue, Hereford, Herefordshire HR2 6HY3
£212K06/210.26 mi6, Granary Grove, Hereford, Herefordshire HR2 6RZ3
£245K04/230.28 mi2, Stable Drive, Hereford, Herefordshire HR2 6SH3
£245K07/230.29 mi11, Dinedor Avenue, Hereford, Herefordshire HR2 6DW3
£217K04/210.29 mi7, Lime Grove, Hereford, Hereford And Worcester HR2 6AL3
£220K06/210.3 mi41, Poppy Walk, Hereford, Herefordshire HR2 6SP3
£167.5K09/210.31 mi13, Franks Avenue, Hereford, Herefordshire HR2 6HZ3
£257K12/220.32 mi20, Holme Lacy Road, Hereford, Herefordshire HR2 6BY3
£225K01/230.33 mi40, St Clares Court, Lower Bullingham, Hereford, Herefordshire HR2 6PY3
£262.5K03/210.33 mi33, St Clares Court, Lower Bullingham, Hereford, Hereford And Worcester HR2 6PY3
£190K02/210.33 mi28, Holme Lacy Road, Hereford, Herefordshire HR2 6BY3
£204.9K06/210.33 mi21, Broad Leys Crescent, Hereford, Herefordshire HR2 7RT3
£183K10/210.35 mi27, Oak Avenue, Hereford, Herefordshire HR2 6AH3
£190K04/210.35 mi4, Web Tree Avenue, Hereford, Herefordshire HR2 6HG3
£238K09/210.36 mi22, The Dales, Lower Bullingham, Hereford, Herefordshire HR2 6DS3
£195K03/210.36 mi21, The Dales, Lower Bullingham, Hereford, Hereford And Worcester HR2 6DS3
£215K03/210.37 mi17, Garrick Avenue, Hereford, Herefordshire HR2 7RU3
£145K01/210.38 mi29, Hinton Crescent, Hereford, Herefordshire HR2 6AD3
£178K04/210.38 mi35, Hinton Crescent, Hereford, Herefordshire HR2 6AD3
£279.9K06/210.38 mi179, Ross Road, Hereford, Herefordshire HR2 7RP3
£218K10/200.39 mi5, Kemble Close, Hereford, Herefordshire HR2 7SB3
£263K01/230.41 mi195, Ross Road, Hereford, Herefordshire HR2 7RR3
£230K02/230.42 mi9, Hollybush Walk, Hereford, Herefordshire HR2 6AF3
£220K03/210.43 mi1, Bradbury Close, Hereford, Herefordshire HR2 7RX3
£262.5K12/220.43 mi5, Bradbury Close, Hereford, Herefordshire HR2 7RX3
£235K04/210.43 mi8, Bradbury Close, Hereford, Herefordshire HR2 7RX3
£186K02/210.44 mi11, Bluebell Walk, Hereford, Herefordshire HR2 6GP3

Local Rents

15 rents from £875/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15004/240.06 miWalton Close, HEREFORD3
£1,15012/240.33 miThe Hawthorns, Hereford3
£99512/240.69 mi-3
£99504/240.72 miEscley Drive, HEREFORD3
£1,20012/240.72 miSt. Owen Street, Hereford3
£87504/240.82 miBridge Street, HEREFORD3
£1,05012/240.84 miNew Kilvert Road, HEREFORD3
£1,30012/240.85 mi-3
£1,30012/240.85 mi-3
£1,35011/240.85 mi-3
£1,10012/240.88 mi-3
£95012/241.03 mi-3
£97510/241.03 mi-3
£97510/241.03 mi-3
£1,30012/241.22 mi-3

Local Area Statistics

Population in HR2

38,935

Population in Hereford

101,068

Town centre distance

4.94 miles away

Nearest school

0.40 miles away

Nearest train station

1.28 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-47%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £270,000

March 29, 2025

Floor Plans

Description

  • Detached bungalow +
  • Three double bedrooms +
  • Scope to update and modernise +
  • Driveway parking and garage +
  • Private garden +
  • No onward chain +
  • Convenient location near amenities +
  • 1 mile from the city centre +

Build Date: 1930's
Approximate Area: TBC

THE PROPERTY: This detached 1930s double-fronted bungalow offers well-proportioned accommodation and is available chain-free, and presents an excellent opportunity for modernisation.

The property features three generously sized double bedrooms, a living room opening into a conservatory, and a kitchen that connects to a second section of the conservatory, currently used as a utility space with a cloakroom WC. The conservatory leads directly to the private rear garden, and the partition wall between the two sections of the conservatory could be removed to create a larger open-plan space if desired. A wet room completes the internal layout.

Outside, the home benefits from both front and rear gardens, with the rear garden offering a good level of privacy. A driveway provides off-road parking and leads to a generously sized detached garage.

LOCATION: The property is conveniently situated approximately one mile from Hereford city centre, offering easy access to a range of local amenities. Nearby, you'll find a selection of shops, a fish and chip shop, a pub, Halo Leisure Pool, and a hairdresser, as well as easy access to the King George V fields having scenic riverside walks along the River Wye.

Hereford city centre itself is a vibrant mix of historic charm and modern convenience, boasting stunning architecture alongside an array of shops, bars, restaurants, and essential services.

ACCOMMODATION: Approached from the front, in detail the property comprises:

Porch: having door to the hallway.

Hallway: doors to living room, kitchen, bedrooms, and wet room.

Living Room: period fireplace, store cupboard, french doors opening to conservatory.

Conservatory: window to the rear and side, french doors opening to the rear garden.

Kitchen: frosted window to the side, window through to the conservatory, range of fitted units, work surface with inset sink, 4-ring gas hob with built-in cooker under and extractor over, spaces for dishwasher and upright fridge/freezer, wall mounted Worcester combination boiler, door to conservatory.

Conservatory: windows to side and rear, french doors to the rear garden, fitted unit, work surface with inset sink, space for washing machine, door to cloakroom WC.

Cloakroom WC: toilet and sink.

Bedroom One: bay window to front, coal effect gas fire with surround.

Bedroom Two: bay window to front.

Bedroom Three: window to side.

Wet Room: frosted window to side, shower area with mains mixer shower and floor drainage, toilet, sink.

Outside: To the front of the property is a lawn garden with flower bed borders. A tarmacadam driveway continues down the side of the property allows for off road parking for multiple vehicles and leads to the detached Garage. This area opens to the rear garden having patio seating area and lawn. There is also a timber shed.

Council Tax Band: C

Services: Mains gas, electric, water and drainage are connected to the property. There is a mains gas central heating system.

Agents Notes: None of the appliances or services listed have been tested. While we strive for accuracy, please contact our office if any details are particularly important to you, especially before making a long journey to view the property. All measurements are approximate.

To View:  Applicants may inspect the property by prior arrangement with Andrew Morris Estate Agents, 1 Bridge Street, Hereford – telephone – email - who will be pleased to make the necessary arrangements.  For your convenience, our Bridge Street office is open Monday to Friday from 9.00am to 5.30pm, and Saturday 9.00am to 12.30pm.  Outside office hours please contact Andrew Morris on or . 
 
Money Laundering Regulations - To comply with Money Laundering Regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer.  We ask for your co-operation in order that there is no delay in agreeing the sale.

Agent Details

Andrew Morris Estate Agents Limited, Hereford

01432 805202

Next Steps?

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